To privatise "British Gez". After that the corresponding law has been passed,

The named Law on gas of 1986. The office has considered company sale

"British Gez" through a series of share issues, since the offer of 51 %, as it

There was with the company "British a Telecom". However finally it was accepted

The decision simultaneously to offer all actions in the market in hope that the market in

Status to absorb one-episode release.

The basic preference has been given British individual investors,

On November, 21st 1986it. The government has offered to sale of 4 billion simple

The actions representing 97 % from total of simple actions, thus

Keeping 125 million preferential actions for employees and pensioners of the company. In

Result of the given release owners of 1,6 billion actions had appeared

Employees and pensioners of "British Gez", and 795,5 million actions it has appeared for

Boundary.

The subscription to actions "British Gez" has four times surpassed the offer,

Therefore quantity of actions sold foreign and British

To individual investors. Definitive distribution of actions was that:

To investors, 11 % - to foreign investors and remaining 4 % the government

Has reserved. In the first put sales on December, 8th 1986it. The action price

Has jumped up on 25 %. On May, 29th 1997it. Actions "British Gez" were on sale under the price on

138 % of above partially paid price. The general corrected receipts from
Sales of actions have made 5,6 billion pounds sterling (8,6 billion dollars
THE USA).

In spite of the fact that the government has executed put before itself

The budgetary purposes? For short term has achieved overall performance growth

The companies were increased also by number of shareholders in the country? Opinions that were expressed

The company "British Gez" has been passed in a private sector as already completely

The generated monopoly also that to department Ofgaz regulating its job,
Regulating powers have not been given enough. Therefore exists
Opinion that an overall performance of "British Gez" and quality of service
Consumers are far not optimum.

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